Genesis Financial Partners said Lawrence (Mass.) Savings Bank has agreed to accept the nomination of the hedge fund's principals to its board.

The thrift had initially objected to the nominations of Stephen H. Gordon and Brandt W. Johnson, claiming they had failed to submit their names within the time allowed under company bylaws. But the thrift's attorneys, in a letter to Genesis, said Lawrence's board has now decided to permit the nominations, to avoid litigation.

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